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with the oracle chairman and ceo larry ellison coming up. i'll see you tomorrow. >>> and it is 4:00 on wall street. 1:00 p.m. in san francisco. do you know where your money is? hi, everybody. welcome back to the "closing bell." big reversal of fortune in the final hour of trading. i'm maria bartiromo. here's what we're following at the close. mixed market on wall street today. the dow climbing 52 points early in the trading session giving back all those gains and them some, but coming back by the close. the nasdaq closing in the green due to a big late day gain by apple. a complete reversal there as well. the dow jones industrial average closing down just about 30 points after coming back from that early day loss. what should you do? what do you make of another late-day swing? a trio of top strategists will be weighing in coming up in the program. then a rare and exclusive interview for you with larry ellison. the stock has been on fire. we have so much to get with him, including if oracle is looking to do more deals. plus, his take on apple's future without his close friend steve jobs. and interv
" today. i'm maria bartiromo coming from you live today from oracle, the open world conference in san francisco. we have the interview you've been waiting for on the horizon. don't miss my interview with oracle ceo larry ellison. we have his take on oracle's future, how he's making a splash in and out of the executive suite and of course the economy and business in america as well as globally. we're going to talk with him at 4:30 p.m. eastern. before that, we have some heavy hitters coming up, including the former yahoo! ceo and the coca-cola ceo. all of a that coming up in the program. meanwhile, let's get back to the markets. we have a double-digit decline. in fact, it looks like the dow is on track to close lower for the sixth time in eight trading sessions. the dow jones industrial average now at 13,436, a decline of about 0.5%. if we close lower today that, would be the sixth decline in the last eight trading sessions. a bit of worry about earnings on the trading horizon, as we are expected expecting the stream of earnings to take effect. weakness in apple today. it is about 5% o
. >>> a good week to be here in the bay area. oracle world, fleet week, america's cup, everyone wants to hang out even these guys. a pair of frolicking humpback whales. our nbc chopper spotted the pair today hanging out near the surface and spouting off. the whales swam around for a half hour. got a good look at the san francisco skyline and headed back out to sea to continue their migration past the golden gate bridge. >>> an unusual and slow moving sight. >>> a simple step that could have serious health benefits. >> i'm scott budman. take two for a tech giant and the new tablet computer and second act for a famous squatter who now has a company of his own. that's next. ♪ just put a little bit of yourself ♪ ♪ in everything you do [ female announcer ] add your own ingredients to hamburger helper for a fresh take on a quick, delicious meal. it's one box with hundreds of possibilities. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> a lot going on in the tech world including another shot in the tablet wars. this
and this is set to open in 2014. >>> the open world oracle conference is expected to open and 50,000 people are going to be at the event. now ceo larry ellison will give a major speech about social media at 2:45 this afternoon. the oracle conference will run through thursday. >>> time now 6:26, sal, what do you see out there? >> it is getting more crowded and if you are drive around the -- driving around the bay area, it is not a huge crowd. we'll see some slowed traffic, 680 getting out from pleasanton heading south, it doesn't look too bad. quick weather with steve. >>> very quick, no breeze yet, it will be warm to hot. 70s to near 100 degrees, we will talk about that coming up in about seven minutes. >>> a somber day in albany, how teachers and students will be remembering a one time popular educator and coach. >>> a two alarm house fire in vallejo -- excuse me, three- alarm fire in vallejo, we will tell you why they say they were able to get out unharmed. >>> plus the opening bell is about to ring on wall street, pam will have your early stock numbers. ♪ [ male announcer ] the first l
of thursday's fleet we can kick off, also happening, the oracle world, giants and 49ers and the heritage parade is taking place. also two cruise ships are on the way and the police chief said the entire staff will be working. >> if there is an incident that does arise, they will be able to address it immediately. >> bart and muni are expanding service and 100 extra taxi will be on the streets. watch out for some street closures because of the activity. 4:54, it will be very crowded into the city. >> good morning everybody, let's go out and see what we have with the morning commute out to the westbound drive, it looks good between walnut creek and oakland. no major problems on the other side. if you are driving to san francisco right now it is a light commute and traffic looks good to hayward and hayward and fremont looks good no probably almost in sunny veil and santa clara is off to a good start. let's go to steve. >>> the city is its sitting -- is sitting at 68 degrees. we are sitting in the 60s or upper 60s. it is a very mild 68 yet if you go to a you will go from 58 to 52. unless it
mapping service to oracle customers. they bought the maker four years ago to compete with google maps. they are struggling in the cell phone market. the announcement came on day two of the huge oracle conference in san francisco. a new version of the database, they call it my sql5.6 release. it will help users meet the application requirements. >>> a policy making body got a start today. wage theft includes ignoring minimum wage laws. it was a chance to create a task force. >> make sure we are enforcing the law as much as we can. not something that has been done. but i think if wage theft is going to end, it should end in san francisco. >> wage theft is prevalent in the city. they found half of all restaurant workers do not get minimum wage. >>> commuters will see more rail service because of ridership. cal train added two new trains today and restored four others. ridership reached a high in june resulting in packed trains. they will add two new trips between stockton and the south bay and a bus line will run more frequently. >>> it is a text book case, hackers attack, using schools
software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that qualify will receive payments by next march. >> tom: the early optimism by investors and traders faded throughout today's stock session with the major indices ending mixed. the s&p 500 shot up to its highest price of the day just after 10 a.m. eastern time on the heels of the better than expected manufacturing data. but prices trended lower throughout the session, ending up 0.3%. trading volume was 671 million shar
, oracle open world private pearl jam concert on treasure island, italian heritage parade north beach, castro fair, giants in the playoffs and 49ers home. >>> with all that you can navigate around with waze, the free traffic app. waze will automatically reroute you around any major issues and cut your diving time. download it for free from abc7news.com/waze. >>> so, it is going to be hot again today, no spare the air day. >> no, but it is great to be along the bay. >>> conditions are going to change dramatically for those folks they can practice all they want today, tomorrow and come the weekend it is going to get windy, cloudy and the bay is going to get choppy not today it is calm, we have a northeast wind at hayward, oakland and napa, that means offshore wind which means it is going to be warm today all the way out to even the coast we could see 80s this afternoon. jet stream well north, we see a little northern surge of clouds and cooler weather. that is going to come in tomorrow. for today, starting off i'd say by 7:00, around 60°, maybe 50 at the coast. look how quickly it gets
:00 on tv 36 racing for an over flow of people. >> from oracle to america's cup and fleet week, how the city plans to handle traffic and transit this week. >> and the idea that made one bay area man wealthier and a genius. join us for these stories and more on bay area news at 7:00 on tv 36. >> the a's could clinch their first playoff spot since 2006, you see the fans are trickling in but the a's have bigger plans than just a wildcard. we will have a live report. the fried cheese melt is back for just 4 bucks. 1 of 4 big 4-dollar meals on the 2-4-6-8 value menu. only at denny's. open all night. new jobs are here, and by 2025, we could have millions more that demand qualified college graduates. many in the bay area. at devry university, our market-responsive bachelor's and master's degree programs can give you what you need to succeed in today's careers and the ones on the horizon. get the know how you need for a new tomorrow at our 4 bay area locations, online or both. learn more at devry.edu. and let nothing stand in your way. >>> a pot of whales was spotted today. a humpback whales around
vents in san francisco. there is -- also the hardly strictly bluegrass festival oracle world features pearl jam concert, italian heritage parade north beach, castro street parade, giants, 49ers at home my sister said there are two cruise ships in saturday. >> couple thousand more why not. >> don't forget a's hosting the rangers at the coliseum tonight >>> warm out there interesting thing is they are practicing for the america's cup and things are going to be different by the time the races take place. winds, choppy seas. bay now calm as we look to the east from south beach this morning. let's take a couple more looks just so beautiful, santa cruz already folks in the water there, temperature was 100 yesterday in santa cruz. yesterday for about a handful of bay area cities, the warmest day this year. the rest of us back on june 16th. today is going to be close. live doppler 7 hd, if you like the cool weather, you would like to see clouds on this, but it is not happening. there's no radar returns. here are the clouds, well off the coast, they will come back tomorrow, when the cooling tr
one of many vents in san francisco. there is -- also the hardly strictly bluegrass festival oracle world features pearl jam concert,talian hitag pade nrtheach, ctro reet para,ian, 4rs at he mysisteraid the ar two cise ships i turday. >> couple thousand more why not. >> don't forget a's hosting the rangers at the coliseum tonight >>> warm out there interesting thing is they are practicing for the america's cup and things are going to be different by the time the races take place. winds, choppy seas. bay now calm as we look to the east from south beach this morning. let's take a couple more looks just so beautiful, santa cruz already folks in the water there, temperature was 100 yesterday in santa cruz. yesterday for about a handful of bay area cities, the warmest day this year. the rest of us back on june 16th. today is going to be close. live doppler 7 hd, if you like the cool weather, you would like to see clouds on this, but it is not happening. there's no radar returns. here are the clouds, well off the coast, they will come back tomorrow, when the cooling trend will begin. heat
as door man. >> hardly -- also the hardly strictly bluegrass festival in golden gate park, oracle open world, private pearl jam concert on treasure island, italian heritage parade and castro street fair, giants in the playoffs and 9ers home. >> you can navigate around all these events or your usual traffic jam with waze, abc7's free traffic app, waze will reroute you around any major issues. you can download it free from abc7news.com/waze. if case you are planning your weekend when to watch the giants they will open up their playoff at home saturday against either cincinnati or washington. with all those events going on the whole weekend will be a lot of traffic. >> and a lot of fun if you can hold on 24 hours maybe even a little cooler. here's mike. >>> things will change drastically, starting tomorrow as we get deeper into the week. morning for now nearly calm to light east wind at hayward three miles per hour light wind out of the south at three concord just a breath south of the southwest at fairfield at three that is one of the reasons why we are going to have heat once again high
the events coming up america's cup started today fleet week happening oracle open world to get around all of this mass transit they are saying is the way to go. so far this morning that is on time no delays for bart, muni, caltrain at that hour 242 typical slow downs west on highway 4 from antioch towards pittsburg. carquinez bridge to the maze 24 to the caldecott tunnel eastbound caldecott right bore right lane blocked with accident. altamont commute just under 25 minutes. >>> still ahead, breaking news from the u.s./mexico border. shooting leaves a border patrol agent dead, we'll have details. >>> oprah's big the deal she just signed as she tries to improve ratings at her struggling cable network. >>> first a consumer reports' smell test can febreeze mask kitty litter and sardine odors? michael finney has the answer. >>> breaking news. a border patrol agent was killed in a shootout near the u.s./mexico line in arizona this morning the area is known as a major drug smuggling corridor. another border patrol agent was wounded and airlifted to a hospital. one dead, one wounded no word on th
. >>> today's day three of oracle's world conference. now, ceo, larry ellison, will be delivering the keynote speech about cloud computing and social media. this runs through thursday. >>> they will be outside. more hot weather a's. it may even be -- ahead. it may even be hotter today. up next, steve paulson will have the forecast for your area. >>> and it's pretty slow in the south bay right now. i will give you an update on that commute. ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt, right? 'cause we shouldn't really help with your love life. yoplait. it is so good! >>> sexual assaults are on the rise around the uc berkeley campus. that's according to a new police report. uc campus police say 24 cases were reported last year compared to only four in 2
to be in the city, oracle world, fleet week, america's cup, a lot going on here. the whales swam around for about a half an hour, got a good look at the skyline and headed back out to sea to resume their migration. >> i need to do what they're doing, cool off in the ocean, a swoochlt. >> good times. >> somewhere around the beach. >> hot temperatures sticking around for another day? >> at least into tuesday. let's get a look. some simple reminders. remember to drink plenty of water. take frequent breaks. remember the pets. you'll need to take them inside for tomorrow as we are expecting upper 90s and low 100s inland. 80s by the bay and 70s at the coastline. as we head into the upcoming weekend there is the dramatic drop-off with fall-like weather. temperatures in the 70s. maybe, just maybe even a chance of showers as we head throughout next monday. it's good that it's at least hinting at some showers, but no big storm yet. >> visitors, it is really that hot in the bay area? >> they're getting that water there in san francisco i'm sure. >> we'll see you again for more local, including we'll update
and oracle. >> michael pace is manager of the hotel next to the convention 50,000 just for that. wednesday night, pearl jam plays their party on treasure island. it means more people in town, businesses are up, cabbies aren't complaining. >> niners have a home game. so does stanford. >> this will probably be the best week at sir atlanta system drake. >> he compares it to the a superbowl. every part of the tourist business he is gearing up to take advantage which starts off in beautiful fashion. >> it's very wonderful, yes. >> it's like this all the time here? >> oh, yeah. >> reporter: having fun with the tourists and they are in for a lot of fun if they stick around this week. >> dan: we're glad they are here. we have complete guide on online to this event. go to abc7newsom and click on see it on tv for information on where to go and how to get there. there are resources to help you avoid the traffic jams in and around the city. coming up next. diaper shortage. why some parents may want to stock up now. plus.... >> it was sad it had n been tohed for yars. >>heebihf vant s frcisco chches b
is shut down between 3rd and 4th. they have oracle open world going on in that area. so it really has been causing a mess of a commute. my traffic producer says every day she has to take bart if she is in that area because there's just such congestion around that south of market area because of that one block of howard being closed. back outside, here's a live look "timesaver traffic" camera this is the nimitz, dark, but the oakland coliseum is there in the distance. taillights are moving northbound and overall, it's a nice drive between hayward and downtown oakland. similar story if you are commuting even farther south through milpitas. a live look at 880/237. mass transit is on time of the we have been off to a great start including all those bart trains. that's a check of your "timesaver traffic." traffic and weather together every 10 minutes, back to you. >> thank you. >>> a new report says nearly all americans will see higher taxes if congress fails to renew tax cuts set to expire at the and of the year. the two major parties are split on exactly who should continue to have reduced ta
1.2%. >>> speaking to maria bartiromo, oracle says customers are starting to spend more of their i.t. budget. >> there isn't a customer we don't have who is on an austerity plan and innovation agenda at the same time. people are trying to save money at the same time to free them up to be able to invest. >> don't forget tune into u.s. closing bell later today as maria sits down with larry ellison for an exclusive interview at 4:00 p.m. eastern. we'll take a short break. still to come on this morning's "worldwide exchange," we'll be in madrid, the latest unemployment data put further pressure on the spanish government to ask for a bailout. today from around the world. the bailout rumor mill working overtime for spain. the country sees unemployment rise again in september. banks a wait an eu report which is expected to recommend splitting retail and investment banking. and jpmorgan is hit by a lawsuit over bear stearns mortgage securities. the bank says it will contest the charges. spain saw more jobs lost in september as the crisis and austerity measures continue to weigh on the labo
, effective october 22nd. he helped to restructure a software company that sold itself to oracle too. that's the kind of activist cfo yahoo! needs. the fact that she picked him tells them they're going in the right direction. the plan we will hear more about when they report in two weeks, i think the stock can start marching higher. the reason is simple. the company can get aggressive about unlocking the pieces, and yahoo! has got a lot to unlock. last week goldman sachs came out with a terrific piece. i said i'm changing my mind. this is really good research where they added yahoo! to the buy list based on the sum of the parts analysis, some of the most rigorous analysis on yahoo!. let's go through the pieces. first, yahoo! owns a major stake in ali baba, like the ebay and paypal of china. the old management didn't know what to do with it. that changed back in may when mayer's predecessor interim ceo ross levinsohn worked out a deal to have ali baba buy back half of yahoo's position. this sale closed less than two weeks ago with yahoo! netting $4.2 billion in cash after taxes and fees. an
this for a while now for at least much of this week started last week, oracle open world they have those street closures on howard between 3rd and 4th causing bad traffic tie-ups south of market. it is no longer a "spare the air" day even though it's going to be hot again. we'll talk to lawrence in a minute. but yeah, no "spare the air" but you can always use mass transit. so far there's no delay. we'll go outside show you some live traffic cameras. here's a live look at the south 101, near mckee in san jose and a few more cars hitting the roads at 5:15. taillights are moving southbound. northbound traffic looks good this morning heading towards santa clara. we'll get a quick look at the san mateo bridge now where westbound 92 taillights that's the commute direction. so far looks great out towards the high-rise. 14 minutes out of hayward towards the other side. that's a check of your time- saver traffic. here's lawrence. >> you were loving it yesterday a lot of folks loving to see the heat for a while now. looks like this will be it and things will be changing. we're mild outside now, skies mos
. but it's been causing just a mess right there by moscone center oracle open world. that's what's going on. once again, everything looks good for mass transit. we haven't had any issues on mass transit, so all trains heading into downtown are right on schedule. that's a check of your "timesaver traffic." and like we say, we have traffic and weather together every 10 minutes. so here's my buddy next to me, lawrence. >> oh, sure, everybody wants to be my friend when it's sunny outside! lots of hot temperatures around the bay area, today again very similar. mostly clear skies, all the way to the coastline. we're looking good and some very mild temperatures to start out the day. in fact, by the afternoon, with mild temperatures, it is going to get hot. probably some triple digits showing up in some of the valleys and then we'll start to see some gradual cooling but for know that ridge of high pressure is in place so one more hot day for today. and then we'll begin to see some cooldown as this area of low pressure approaches the coastline. that will usher in more low clouds and fog and drop the
, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >> i'm surprised how often it comes up when i have decision makers talking with me they are unwilling to commit additional capital as needed. we hear it from our guests, it comes up time and again. it is somewhat overstated. can it be paralyzing business to such an extent? but it is there and i think stories like today's "new york times" which indicate perhaps -- >> you mean sorkin. >> no, progress on the front page of "the new york times" perhaps that will be embraced. imagine what would happen if we dealt with the budget deficit in a meaningful way and did deal with the issues? one thinks the uncertainty cloud goes away. if it doesn't, there's something else going on. >> i was referring to a sorkin column arguin
Search Results 0 to 25 of about 26 (some duplicates have been removed)